Marcus Just Placed a Stop Limit Order to Sell 100

question 31

Multiple Choice

Marcus just placed a stop limit order to sell 100 shares at $21 stop,$18 limit.Which one of the following statements is correct concerning this order if the current market price is $16?

• A)As soon as the price rises to $18, the stock will be sold.
• B)The stock will sell for at least $18 but less than $21.
• C)The stock will sell for $18 a share as soon as the price hits $21.
• D)The order will become a limit order to sell at $21 once the market price reaches $18.
• E)The order will become a limit order to sell at $18 once the market price reaches $21.

---

Definitions:

Psychology of Women

A field of study focused on understanding psychological aspects specific to women's experiences, behaviors, and development.

Place in Society

Refers to an individual's or group's position or status within the hierarchical structure of society.

Dominant Groups

Social groups that possess more power, resources, and privileges compared to other groups within the same society or context.

Normative

Relating to an ideal standard or model, or being based on what is considered to be the normal or correct way of doing something.